Are you looking for the most used APIs for commodities prices data for 2023? If so, you are in luck, here are the best three APIs compared!
Commodities are a class of goods that are commonly traded on the market. They can be agricultural products, such as coffee and corn; or industrial materials, such as steel or oil. The prices of these goods are determined by their supply and demand in the marketplace; just like other traded goods.
Why Should You Be Up to Date With Commodity Prices And Data?
Commodity prices change over time, which means that you need to be aware of what happens with them on a daily basis. If you want to make good financial decisions, then it is important that you stay up to date with commodity prices; and get the best possible information about them.
Which Are The Most Used APIs For Commodities Prices In 2023?
Using an API for commodity prices is the quickest and most straightforward way to quickly find accurate prices from trustworthy sources. This is because the tool gathers information on commodities from reliable sources; and quickly delivers it to your software.
However, not all of the APIs that are readily available today are safe or reliable. This is because they might originate from dubious API vendors! Hence, we’ve compiled details on three of the top commodities prices data APIs currently on the market to assist you in making a trustworthy API choice:
1. Commodities-API
Commodities-API is a reliable JSON API that gathers commodity data for basic, hard and soft commodities. It has become one of the top choices for business and developers due to its friendly-user interface, and reliable data. It is very easy to use: sign up and obtain an API key; and then choose the currency and commodity to obtain the data. After the API call is executes, you’ll obtain the information you needed in seconds!
What’s more, users of Commodities-API can choose from more than 170 different currencies ;and receive data with a precision of two decimal points. Depending on the plan you choose, you are permitted to issue up to 100,000 API requests each month; and get data updates every 60 seconds.
Commodity Data API By Barchart
This one is an Internet service that has been available for a while. Barchart’s website was among the first to offer information on commodities and futures markets. Commodity Data API is offered by a multinational banking software provider; that also provides market data and services to the commodities and financial media industries.
From front to backend, the operations of Barchart’s varied customer base are driven by its own data, software, and technological solutions. Additionally, to assist market and financial experts in their decision-making; its entertainment businesses provide internet material, headlines, and magazines.
Nasdaq Data Link Commodity Prices API
On Nasdaq Data Link, a well-known website, you may get financial, economic, and other datasets. One of the many financial data APIs that are available is a commodity price API. You may learn more about more than 100 different commodities, like the cost of metals, and oil, with the aid of this API.
You may also obtain daily spot prices and previous commodity prices using this user-friendly API. With its wide range of software tools, including R and Python, Nasdaq Data Link’s API for commodities prices is without a doubt one of the simplest ways to look up and download commodity prices.
Related post: Use An API To Obtain Commodities Spot Prices In 2022
Also published on Medium.